Miller Market Neutral Income Fund I (MMNIX)
11.23
-0.06
(-0.53%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.66% | 343.35M | -- | 467.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 266.33M | 6.74% |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
87
-73.21M
Peer Group Low
181.62M
Peer Group High
1 Year
% Rank:
37
266.33M
-75.78M
Peer Group Low
967.96M
Peer Group High
3 Months
% Rank:
26
-5.277M
Peer Group Low
492.38M
Peer Group High
3 Years
% Rank:
--
-233.49M
Peer Group Low
2.377B
Peer Group High
6 Months
% Rank:
26
-145.91M
Peer Group Low
820.76M
Peer Group High
5 Years
% Rank:
--
-224.89M
Peer Group Low
2.514B
Peer Group High
YTD
% Rank:
28
-169.07M
Peer Group Low
1.026B
Peer Group High
10 Years
% Rank:
--
-1.346B
Peer Group Low
9.886B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of April 30, 2026.
| Type | % Net |
|---|---|
| Cash | 51.29% |
| Stock | -42.46% |
| Bond | 89.58% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.58% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
50.74% | -- | -- |
| Jazz Investments I Limited JAZZINV 3.125 09/15/2030 FIX USD Corporate 144A | 3.17% | 165.56 | -1.34% |
| Avnet, Inc. AVT 09/01/2030 FIX USD Corporate (Converted) | 2.78% | 142.41 | -0.66% |
| PPL Capital Funding, Inc. PPLCAP 3.0 12/01/2030 FIX USD Corporate 144A | 2.64% | 97.60 | 0.25% |
| Fluor Corporation FLR 1.125 08/15/2029 FIX USD Corporate 144A | 2.57% | 132.12 | -1.33% |
| Ascendis Pharma A/S ASCEPHA 04/01/2028 FIX USD Corporate (Called) | 2.47% | 142.19 | 2.24% |
| World Kinect Corporation WORLKIN 3.25 07/01/2028 FIX USD Corporate 144A | 2.44% | 134.20 | -0.43% |
| Alliant Energy Corporation LNT 05/30/2028 FIX USD Corporate 144A (Converted) | 2.28% | 106.08 | -0.09% |
| ARRAY TECHNOLOGIES, INC. ARRAYT 07/01/2031 FIX USD Corporate 144A (Converted) | 2.21% | 121.23 | -3.13% |
| Zoetis Inc. ZOETINC 0.25 06/15/2029 FIX USD Corporate 144A | 2.10% | 90.25 | -0.14% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.00% |
| Actual Management Fee | 0.86% |
| Administration Fee | 66016.00 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 1.40% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 119 |
| Stock | |
| Weighted Average PE Ratio | 25.16 |
| Weighted Average Price to Sales Ratio | 3.789 |
| Weighted Average Price to Book Ratio | 5.015 |
| Weighted Median ROE | 21.45% |
| Weighted Median ROA | 11.10% |
| Return on Investment (TTM) | 12.85% |
| Earning Yield | 0.0397 |
| LT Debt / Shareholders Equity | 0.5218 |
| Number of Equity Holdings | 56 |
| Bond | |
| Yield to Maturity (4-30-26) | -1.17% |
| Effective Duration | -- |
| Average Coupon | 1.96% |
| Calculated Average Quality | 4.231 |
| Effective Maturity | 3.810 |
| Nominal Maturity | 3.810 |
| Number of Bond Holdings | 53 |
As of April 30, 2026
Growth Metrics
| EPS Growth (1Y) | -21.74% |
| EPS Growth (3Y) | 100.0% |
| EPS Growth (5Y) | 40.75% |
| Sales Growth (1Y) | 0.50% |
| Sales Growth (3Y) | 18.13% |
| Sales Growth (5Y) | 35.35% |
| Sales per Share Growth (1Y) | 5.21% |
| Sales per Share Growth (3Y) | 19.40% |
| Operating Cash Flow - Growth Rate (3Y) | 11.46% |
As of April 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/29/2023 |
| Last Annual Report Date | 10/31/2025 |
| Last Prospectus Date | 3/2/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MMNIX", "name") |
| Broad Asset Class: =YCI("M:MMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:MMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |